South Korea's Ministry of Planning and Finance denied the relevant reports, saying that it did not ask banks to stop aggressive debt issuance. South Korea's Ministry of Finance said in a statement that it recently held a meeting with banks to assess the supply and demand situation of bank bonds in the fourth quarter. The “Korea Economic Daily” previously reported that South Korea's Ministry of Finance expressed concern at a meeting with major bank executives on October 16 about excessively intense competition for issuing bonds between banks.

South Korea's Ministry of Planning and Finance denied the relevant reports, saying that it did not ask banks to stop aggressive debt issuance. South Korea's Ministry of Finance said in a statement that it recently held a meeting with banks to assess the supply and demand situation of bank bonds in the fourth quarter. The “Korea Economic Daily” previously reported that South Korea's Ministry of Finance expressed concern at a meeting with major bank executives on October 16 about excessively intense competition for issuing bonds between banks.